As expected, gold bounced last night. Moral of the story is...

As expected, gold bounced last night. Moral of the story is don't sell your gold and gold stocks after these volatile sell offs on Wall St.

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NEW YORK (MarketWatch) -- Gold futures rallied Friday, as traders recognized the metal's allure as a safe haven amid worsening credit market troubles that prompted a fresh injection of cash by several central banks.
"Suddenly, the world is realizing that gold is still a safe haven asset," said James Moore, metals analyst at TheBullionDesk.com. "We've seen pretty substantial losses in equity markets."
"I think this is genuine safe-haven buying," Moore said.
Gold for December delivery rose $8.80 to close at $681.60 an ounce on the New York Mercantile Exchange. However, the contract posted a loss of $2.80 on the week.
"Gold investors breathed a collective sigh of relief today as signs of 'proper' behavior in the metal finally emerged," said Jon Nadler, analyst at Kitco Bullion Dealers, in emailed comments.
"The massive injection of liquidity that is taking place globally was also followed by the Fed in an attempt to stabilize values and nerves," Nadler said. "Gold benefited from that action but also from being directly in demand."